Canada imposes tariffs on steel goods
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On October 25, the federal government will enact provisional safeguard measures on the importation of a number of steel products, including heavy plates, concrete reinforcing bars, energy tubular products, hot-rolled sheets, pre-painted steel, stainless steel wires and wire rods. These will be administered in the form of a tariff-rate quota.
The following is an excerpt from the Canadian Chamber of Commerce newsletter, Connections, on the tariffs:
"This message pertains to imports of certain steel goods as set out in the Order Imposing a Surtax on the Importation of Certain Steel Goods. The purpose of this message is to inform Canadian businesses that the Government of Canada is imposing provisional safeguards in the form of tariff rate quotas (TRQs) on seven classes of steel goods. The provisional safeguards will take effect on October 25, 2018. We encourage you to disseminate this information to your members to ensure that Canadian businesses are aware that they need to obtain an import permit if imported goods are to avoid the over-access surtax. Imports that exceed the quota will be subject to a 25 per cent surtax. The TRQs will be administered by Global Affairs Canada by way of shipment-specific imports permits on a first come, first served basis. In order for goods to be considered within the quota, they must be covered by a valid import permit at time of accounting. Please refer to the Notice to Importers, Serial No. 911, and the Frequently Asked Questions for detailed information on which products and countries are covered by the TRQs, how the TRQs will be administered and how to apply for a shipment-specific permit."
